Bonus interest to Senior Citizens

With effect from 1.1.2010, the Government has decided to pay a 20% bonus interest to senior citizens on rupee deposits maintained in licensed banks.
All Sri Lankan citizens above the age of 60 years will be eligible to receive the bonus interest on their rupee savings and fixed deposits held in licensed banks. Bonus interest shall be equal to 20% of the interest that accrues after 1.1.2010 on rupee deposit accounts of senior citizens, subject to a limit of Rs. 120,000 per annum, per person.
The operating instructions to licensed banks in this regard was issued on Friday.